SEOUL, March 17 (Korea Bizwire) — South Korea’s fine dust emissions from coal-fired power plants fell 40 percent on-year over the winter season, data showed Tuesday, after the country scaled down the operations of such plants. Emissions of fine dust from local coal plants reached 3,212 tons over the December-February period, down from 5,320 tons [...]
SEOUL, March 16 (Korea Bizwire) — Nearly 50 percent of South Koreans support a proposal to provide cash to citizens to help them tackle the economic fallout of the new coronavirus, a poll showed Monday. In the survey by Realmeter on 505 people, 48.6 percent of the respondents favored the idea that the government temporarily [...]
SEOUL, March 16 (Korea Bizwire) — Foreign investors became net sellers of South Korean stocks last month, ending their two-month buying spree, data showed Monday. Foreigners sold a net 3.22 trillion won (US$2.6 billion) worth of local stocks in February, according to the data from the Financial Supervisory Service (FSS). American investors sold a net [...]
SEOUL, March 15 (Korea Bizwire) — The number of foreigners staying in South Korea fell nearly 4 percent in January this year, after topping a landmark 2.5 million the previous month, government data showed Sunday. According to data released by the Ministry of Justice, 2,426,433 foreigners were residing in the country as of the first [...]
SEOUL, March 13 (Korea Bizwire) — The number of moviegoers in South Korea fell to a 15-year low in February out of intensifying fears over the infectious coronavirus, data showed Friday. According to the data by the Korean Film Council (KOFIC), a total of 7.37 million people went to the cinema last month, plunging 66.9 [...]
SEOUL, March 12 (Korea Bizwire) — Sales of Lotto tickets in South Korea hit an all-time high in 2019 on their increased availability amid an economic slowdown, data showed Thursday. Total Lotto sales were tallied at 4.3 trillion won (US$3.6 billion) last year, up 8.8 percent from the prior year, according to the data from [...]
SEOUL, March 11 (Korea Bizwire) — Four out of 10 companies in South Korea are willing to allow their employees to work from home on hopes of containing the coronavirus outbreak, a poll showed Wednesday. The South Korean government has urged local communities to take part in social distancing, a series of tactics designed to [...]
SEOUL, March 10 (Korea Bizwire) — Sales of sport utility vehicles (SUVs) and gasoline-powered vehicles posted solid growth in South Korea last year, industry data showed Tuesday, although the country’s auto market contracted for the second consecutive year. Nearly 1.8 million vehicles were registered in South Korea last year, down 1.8 percent from a year [...]
SEOUL, March 10 (Korea Bizwire) — Young South Korean students’ spending on private education spiked to a 10-year high in 2019, data from the Ministry of Education and Statistics Korea showed Tuesday, reflecting undiminished parental enthusiasm for their children’s academic achievements. Elementary, middle and high school students spent 20.99 trillion won (US$17.6 billion) on private [...]
SEOUL, March 10 (Korea Bizwire) — South Koreans continued to reduce their use of cash last year, while their use of credit cards reached record highs both in terms of frequency and amount, a central bank survey showed Tuesday. The people had an average 53,000 won (US$44.20) in their wallet at any given time in [...]